Celestia, Sui, and Aptos to Lead $1.3 Billion Token Unlock in October
Celestia, Sui, and Aptos to Lead $1.3 Billion Token Unlock in October
October 2024: Key Token Unlocks That Could Shape the Crypto Market.
October will see major token unlocks from Celestia (TIA), Sui (SUI), and Aptos (APT). The largest release is from Celestia, which will unlock 175.56 million TIA tokens on October 30. According to data from Token Unlocks, the trio is preparing for token releases that will distribute no less than $1.3 billion to ecosystem participants.
As one would expect, this massive token unlock may shake up the crypto market in significant ways. That is, as investors and traders brace up for the impact that the releases will have on liquidity and token valuations.
Key Highlights:
Celestia (TIA) will unlock 175.56 million tokens, the largest for the month.
Sui (SUI) will kick off on October 1, unlocking $108 million worth of tokens.
Aptos (APT) will follow with a $91 million release on October 11.
These significant token releases could have a notable impact on liquidity and token values in the crypto market.
Sui to Unlock $108 Million in Tokens on October 1
Sui will release 64.19 million SUI tokens, valued at $108 million, on October 1. These tokens, 2.4% of the circulating supply, will be distributed to early investors, contributors, and community reserves. The SUI’s value increased by nearly 8% over the past week and surged 110% in the last month, partly due to the upcoming token unlock and the launch of Grayscale Sui Trust and Circle’s upcoming USDC integration..
Aptos to Release $91 Million in Tokens on October 11
Aptos is set to unlock 11.3 million APT tokens on October 11, worth approximately $91 million. This represents 2.2% of the total supply. While Sui has experienced gains leading up to its release, Aptos has seen fluctuations, currently trading at $7.9, after a brief rally over $8.
Celestia to Unlock 82% of Its Circulating Supply on October 30
Celestia’s token unlock on October 30 will release 175.56 million TIA tokens, accounting for 82% of the circulating supply. These tokens will go to early backers and investors. Celestia recently made headlines after it secured $100 million in a funding round led by Bain Capital Crypto. This report may have contributed to the price of TIA climbing 14% to $6.7. However, the price has since settled at around 6%.
For what it's worth, the token unlocks in October aren't limited to the three major projects already mentioned. Smaller unlocks are also anticipated from platforms like Immutable, Arbitrum, and several others. With substantial amounts of tokens entering the market, October could prove to be a pivotal month for the crypto landscape.
Notable Token Unlocks
*Please note that this article only lists some of the projects with significant token unlocks for the month. For more detailed information, readers can visit the Token Unlocks and CryptoRanks.
— Sept 30: Optimism (OP) unlocks 31.34 million tokens (2.5% of circulating supply), worth $59.7 million.
— Oct 1: ZetaChain (ZETA) unlocks 53.89 million tokens (13.43% of circulating supply), worth $38.8 million.
— Oct 3: Sui (SUI) unlocks 83.88 million tokens (3.13% of circulating supply), worth $138.7 million.
— Oct 4: Immutable (IMX) unlocks 32.47 million tokens (2.03% of circulating supply), worth $57.03 million.
— Oct 7: Neon (NEON) unlocks 53.91 million tokens (93.4% of circulating supply), worth $19.8 million.
— Oct 11: Moca Network (MOCA) unlocks 180.9 million tokens (15.9% of circulating supply), worth $20.7 million.
— Oct 11: Delysium (AGI) unlocks 96.48 million tokens (8.69% of circulating supply), worth $18.2 million.
— Oct 12: Aptos (APT) unlocks 11.31 million tokens (2.25% of circulating supply), worth $88.4 million.
— Oct 14: Axie Infinity (AXS) unlocks 12.58 million tokens (8.35% of circulating supply), worth $67.2 million.
— Oct 14: Taiko (TAIKO) unlocks 12 million tokens (15.7% of circulating supply), worth $23.4 million.
— Oct 15: Starknet (STRK) unlocks 63.99 million tokens (3.61% of circulating supply), worth $29.1 million.
— Oct 16: Arbitrum (ARB) unlocks 92.63 million tokens (2.57% of circulating supply), worth $59.3 million.
— Oct 19: Polyhedra Network (ZKJ) unlocks 15.5 million tokens (17% of circulating supply), worth $17.7 million.
— Oct 27: Ronin (RON) unlocks 34.67 million tokens (9.89% of circulating supply), worth $64.8 million.
— Oct 31: Celestia (TIA) unlocks 175.74 million tokens (82% of circulating supply), worth $1.02 billion.
Other Unlocks
— Sept 29: Worldcoin (WLD): $10.1 million
— Sept 30: Echelon Prime (PRIME): $8.1 million
— Sept 30: Step Finance (STEP): $1.5 million
— Sept 30: Undeads Games (UDS): $3.9 million
— Oct 1: Save (SLND): $1.5 million
— Oct 1: dYdX (DYDX): $11.5 million
— Oct 1: Hooked Protocol (HOOK): $4 million
— Oct 3: Neutron (NTRN): $3.6 million
— Oct 4: Mine of Dalarnia (DAR): $1.5 million
— Oct 5: Galxe (GAL): $7.3 million
— Oct 5: 5ire (5IRE): $173,000
— Oct 6: ZeroLend (ZERO): $1.8 million
— Oct 6: Cellana Finance (CELL): $1.8 million
— Oct 6: Thala (THL): $770,000
— Oct 7: Hashflow (HFT): $2.6 million
— Oct 7: Tokocrypto (TKO): $8.3 million
— Oct 7: Mode (MODE): $6.9 million
— Oct 7: SuperWalk (GRND): $2.6 million
— Oct 8: Shrapnel (SHRAP): $310,000
— Oct 8: Scallop (SCA): $2.2 million
— Oct 8: Masa (MASA): $9.7 million
— Oct 9: XAI (XAI): $8.4 million
— Oct 9: Conflux (CFX): $15.6 million
— Oct 10: SIPHER (SIPHER): $3.04 million
— Oct 10: Hop Protocol (HOP): $120,000
— Oct 10: Cetus Protocol (CETUS): $3.04 million
— Oct 10: Ta-da (TADA): $1.2 million
— Oct 11: io.net (IO): $2.2 million
— Oct 14: RSS3 (RSS3): $2.6 million
— Oct 15: Humanode (HMND): $842,000
— Oct 15: CyberConnect (CYBER): $3.1 million
— Oct 17: SuperRare (RARE): $1.9 million
— Oct 17: ApeCoin (APE): $12.6 million
— Oct 17: Ancient8 (A8): $912,000
— Oct 18: Aurora (AURORA): $790,000
— Oct 18: Manta Network (MANTA): $6.3 million
— Oct 18: Torado Cash (TORN): $433,000
— Oct 18: Fusionist (ACE): $4.2 million
— Oct 19: Pixels (PIXEL): $8.6 million
— Oct 19: Merlin Chain (MERL): $9.6 million
— Oct 19: Karrat (KARRAT): $11.8 million
— Oct 20: Hatom (HTM): $3.8 million
— Oct 21: Lazio Fan Token (LAZIO): $4.4 million
— Oct 21: Vara Network (VARA): $5.4 million
— Oct 22: SPACE ID (ID): $7.6 million
— Oct 22: zkLink (ZKL): $1.8 million
— Oct 23: SubQuery (SQT): $902,000
— Oct 23: Smart Layer (SLN): $986,000
— Oct 25: Acala (ACA): $333,000
— Oct 27: Yield Guild Games (YGG): $5.6 million
— Oct 27: NFPrompt (NFP): $2.6 million
— Oct 28: Maverick Protocol (MAV): $12.2 million
— Oct 28: MetalCore (MCG): $185,000
— Oct 28: SingularityNET (AGIX): $5.9 million
“October is approaching – Stay informed and avoid getting swept up in FOMO. With $3.46 billion worth of tokens set to unlock this month, closely monitoring market movements is crucial,” the Token Unlocks team advises.